7, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £47,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 GRESHAM CLOSE is a detached house, which could now be worth an estimated £202,368. It was last sold for £47,000 in May 1996, which was around 44% below the average May 1996 detached price in the Northumberland local authority area.

7 GRESHAM CLOSE Sold Prices

Land registry data shows one sale for 7 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Northumberland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
1996 24 MAY	£47,000	£83,531	44% below HPI

What might 7 GRESHAM CLOSE be worth now?

7 GRESHAM CLOSE might now be worth an estimated £202,368.

This is based on house price inflation of 330.6%, between May 1996 and April 2026, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 330.6% inflationary increase is applied to the most recent sale price for 7 GRESHAM CLOSE of £47,000 on 24th May 1996. For the value to have increased from £47,000 to £202,368 over the 30 years and one month to April 2026, the following assumptions must hold true:

• The value of 7 GRESHAM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 1996 sale price of £47,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRESHAM CLOSE has not materially changed since May 1996.

Where is 7 GRESHAM CLOSE?

7 GRESHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district.